by Michael Snyder
The Economic Collapse Blog
Inflation is making headlines all over the country, but the mainstream media is not being honest about the true severity of the crisis. We are being told that the official rate of inflation is still in single digits, but what we aren’t being told is that the way inflation is calculated has changed dramatically over the years. In fact, according to Forbes “the government has changed the way it calculates inflation more than 20 times” over the past 30 years. The rate of inflation directly affects so many other things in our system, and the government would like to keep that number as low as possible. So they tinkered and tinkered with the formula until they got it just where they wanted it.
But even with the highly modified formula that they are now using, the rate of inflation still rose at the fastest pace in almost 13 years last month…